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Which of the following are true of the Leveraged ESOP? The ESOP borrows and guarantees repayment of funds from the bank. The ESOP is created

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Which of the following are true of the Leveraged ESOP? The ESOP borrows and guarantees repayment of funds from the bank. The ESOP is created using a trust document. The ESOP's loan payments are paid by the business. The ESOP may only give shares to the employees after the entire loan is paid off. The ESOP buys shares of the company from existing shareholders

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